Libyan dinar burmese kyat exchange rate history (LYD MMK) August 2023

Libyan dinar burmese kyat history for August 2023. The highest quote for this month is 438.88 (01/08/2023) and the lowest 437.69 (02/08/2023). The difference between high and low is 0.27.

LYD MMK average rate for August 2023 is 434.77654, the change between 01/08/2023 and 31/08/2023 is +1.04 %.

01 August 2023	1 LYD = 437.3 MMK
02 August 2023	1 LYD = 436.2 MMK
03 August 2023	1 LYD = 437.1 MMK
04 August 2023	1 LYD = 435.8 MMK
07 August 2023	1 LYD = 435.7 MMK
08 August 2023	1 LYD = 435.6 MMK
09 August 2023	1 LYD = 436.5 MMK
10 August 2023	1 LYD = 436.6 MMK
11 August 2023	1 LYD = 436.3 MMK
12 August 2023	1 LYD = 437.6 MMK
14 August 2023	1 LYD = 436.2 MMK
15 August 2023	1 LYD = 434.5 MMK
16 August 2023	1 LYD = 433.4 MMK
17 August 2023	1 LYD = 433.4 MMK
18 August 2023	1 LYD = 433.4 MMK
19 August 2023	1 LYD = 435.1 MMK
20 August 2023	1 LYD = 435.1 MMK
21 August 2023	1 LYD = 433.6 MMK
22 August 2023	1 LYD = 432.1 MMK
23 August 2023	1 LYD = 433.3 MMK
24 August 2023	1 LYD = 433.2 MMK
25 August 2023	1 LYD = 433.3 MMK
28 August 2023	1 LYD = 433.9 MMK
29 August 2023	1 LYD = 433.9 MMK
30 August 2023	1 LYD = 432.7 MMK
31 August 2023	1 LYD = 432.7 MMK

22/02/2021: Kyat's Depreciation Challenges

The Burmese kyat faced significant depreciation and instability due to political turmoil and the military coup in Myanmar.

06/09/2018: Announcement of new dinar notes

The Central Bank of Libya announces the release of new dinar banknotes with enhanced security features to combat counterfeiting.

23/04/2015: Foreign Exchange Market Liberalization

Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.

28/07/2014: Recognition of rival governments

The Libyan Supreme Court recognizes two rival governments, further fragmenting the country and impacting the value of the dinar.

02/04/2012: Managed Float Regime Implemented

The Burmese government adopted a managed float exchange rate regime, allowing the kyat to fluctuate based on market forces.

17/02/2011: Start of the Libyan Civil War

The Libyan Civil War begins, leading to political instability and further devaluation of the Libyan dinar.

01/04/1990: Foreign Exchange Certificates Introduced

Foreign Exchange Certificates (FECs) were introduced as a parallel currency to stabilize the economy and control the black market.

01/09/1987: Second Kyat Revalued

Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.

07/04/1986: US imposes economic sanctions

The United States imposes economic sanctions on Libya, severely impacting the value and stability of the Libyan dinar.

02/03/1978: Establishment of the Central Bank of Libya

The Central Bank of Libya is established, becoming the sole authority responsible for issuing and managing the Libyan dinar.

08/09/1971: Introduction of the Libyan dinar

The Libyan pound is replaced by the Libyan dinar, at a rate of 1 dinar = 1 pound.

01/12/1964: Kyat Revalued

The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.

01/07/1952: Kyat Introduced

The Burmese kyat was first introduced as the official currency of Burma, replacing the Indian rupee at an exchange rate of 1 kyat = 1 rupee.

24/12/1951: Independence of Libya

Libya gains independence from Italy, introducing the Libyan pound as its currency.

Historic Libyan dinar Burmese kyat